OregonSaves has an administrative charge that pays for the administration of the program and the operating expenses charged by the underlying investment funds in which the program’s portfolios are invested.
Here’s how it breaks down:
This fee is collected in the form of an annual asset-based fee of approximately 1%. This means you will pay approximately $1 per year for every $100 in your account.
The fee covers all administrative costs associated with the program, such as
You will not get a bill. This fee is computed daily and netted from the assets in an investment option. This means when investment returns are credited to your accounts, the fee is automatically deducted from the return to help pay for the administration of the program.